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20121031
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Search Results 0 to 49 of about 87 (some duplicates have been removed)
with a record flood of political ads. darren gersh takes a look at how the two mix. >> hard for those who need a job, hard for those who have a job. >> reporter: when the nation is focused on a big issue, retailers know they have to respond when crafting a marketing message. and this year, the focus of the nation and the election is the economy. >> it affects the messages we send. to the extent the economy is such a hot button issue with the election. you know, you're going to hear us talking about savings. we're going to hear walmart talking about layaways. you're going to hear geico talking about saving 15%. >> reporter: matt williams is general manager at the martin agency, the firm that dreamed up the geico gecko. willams is advising clients not to wait for election day to launch their national ad campaigns for the holiday. but that doesn't mean holiday campaigns won't struggle to be heard above all the political noise. >> we're planning for holiday promotions six to nine months out. so it's a very intensive, long lead time kind of planning process and it's always that way, but it is even
have the aftermath of hurricane sandy to deal with. darren gersh looks at the potential impact on a key swing states. >> reporter: fears that super-storm sandy would disrupt voting and the presidential election are receding as the storm heads north and away from the united states. the storm hit new jersey hard, but the state makes it easy to vote early by mail, and that makes it unlikely the storm will keep many from sending in their ballots. new york does not offer early voting, giving officials there time to recover by election day. in the key swing state of virginia, election offices in 55 counties were up and running today. just nine remain closed and those are expected to reopen soon. the vginia secretary of state has asked local elecon officials to extend absentee voting hours through saturday. sandy has not disrupted early voting in ohio, a state expected to prove decisive in the election. but if you need a daily fix of polling data, you are in for a letdown. millions of voters along the mid-atlantic and northeast are in cleanup and recovery mode, and pollsters know the last thin
on china the right solution? darren gersh reports. >> reporter: if the u.s. and china had facebook accounts, their relationship status would be "it's complicated." there's agreement and disagreement on national security and economics. the u.s. pushes on human rights. the chinese push back demanding mutual respect. economist john silvia says it's all too complex to manage by ultimatum. >> it's a relationship of constant negotiation. much like many of us do with a marriage. it's not i have to win today. i win tomorrow. it's one of i compromise, i learn what you want. and we work forward over time. it's a long term negotiating process because we are going to be with china for at least the next 50 to 100 years. >> reporter: there is a reason presidential candidates talk tougher on china than sitting u.s. presidents. a trade fight between the world's two largest economies could weaken confidence in the global economy. >> there is the danger of a spiraling trade war that was never intended, by anybody on the u.s. side or on the chinese side, but just like a regular war, things can spiral out of
&p; it's up about a point. >> reporter: i'm darren gersh. still ahead, both mitt romney and barack obama want to put more americans back to work. but is job training the right answer? we'll take a look. >> tomsix months before e credit crunch hit full force, j.p. morgan bought failing investment bank bear stearns. that was in 2007. now, j.p. morgan faces a lawsuit, claiming it inherited massive fraud on the part of the company it purchased. the civil lawsuit alleges systemic fraud with the packaging and sale of mortgage- backed securities by bear stearns before it was taken over by j.p. morgan. the bank says it intends to fight the case. eric schneiderman is the attorney general of new york. >> eric, you represent the people of new york state. what did your citizens lose in the deals thaw are accused of being fraudulent? >> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on what they thought was the realistic value of the housing market. we've learned that the housing bubble, sxlt
? we know his plan has not worked. >> tom: "n.b.r.'s" shinon bureau chief darren gersh joins us. so, darren, romney floated a new idea last night, capping tax deductions at $25,000 while cutting tack rate for all wage earners. doesn't add to the deficit according to the governor. does it add up, though? >> tom you'll be shocked, shocked to hear that right now it doesn't. we don't have enough details. here's what we know. so the governor has proposed about $5 trillion in tax cuts. that 25,000 cap he talked abt onitemized deductions, according to the tax policy center, would raise about $1.3 trillion. so you have a hole of 3.7 trillion, and we don't know how governor romney would fill that. >> tom: we also haven't heard much on housing from either candidate except for the reference to mortgage tax deductions. housing has been absent from the two debates so far. >> that's kind a surprise especially considering that the swing state of florida, which you're in, housing is critical, right, a lot of people are under water on their rtgages. but i thi on reasonor that is that solving housing
program designed to reduce interest rates and boost hiring. darren gersh reports. >> reporter: you can expect to be hearing a lot from ben bernanke is the coming months. having pushed the federal reserve to adopt an aggressive and open-ended asset purchase program, the chairman is now defending what he did and why. and bernanke says he won't change course before many more americans are back at work. >> we expect that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economy strengthens. >> reporter: economists at barclays read the chairman's remarks to mean the central bank will keep buying treasury bonds at current levels into the coming year. >> it represents urgency for the fed. obviously, purchasing at about $85 billion per month and operating across a wide range of interest rate markets suggests the fed is indeed trying to push this faster while unemployment remains high. >> reporter: conservatives have gone after bernanke hard, arguing the fed's huge asset buys could spark inflation or worse are designed to support unsustai
. darren gersh breaks them down, and tells you what you need to know about them. >> reporter: for challenger mitt romney, tonight's debate is his best chancto sell hielf to voters who are still undecided. and one way to do that is to focus less on facts and aggressive debate tactics and worry more about coming across as someone voters can be comfortable with. >> i would tell him, don't think too much. be yourself. if you're yourself, you will come off as authentic. authentic is more important than anything else. >> reporter: still, a few numbers might help. starting with $16 trillion, that's the current level of the national debt on president obama's watch. on top of that, president's latest budget would admore than $6 trillion to the debt over the coming decade. >> the interest on that debt alone is going to cost taxpayers, cost the middle class taxpayer about $1,400 a year just to service the debt. >> reporter: in the debate tonight, the president will keep reminding voters to compare where the economy is now with what he inherited. that's why you are going to hear about th
what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other changes. but governor romney is planning to make other changes by eliminating tax deductions worth about the same amount. but the president is accurate when he says governor romney is making many promises in his tax plan. romney says upper-income people will not get a net tax cut; middle-income people will not see their taxes go up; incentives for savings and investment won't be touched; the estate tax and alternative minimum tax will be eliminated-- all this while cutting tax rates and not changing the amount of money the federal government brings in. an analysis by the tax policy center shows governor romney will have to make some big tradeoffs. >> so, governor romney has made five promises. he can't keep them all. he
, as darren gersh reports, there is growing bipartisan agreement that this is the right time to get tough on chinese cyber-theft. >> reporter: in unusually blunt language the bipartisan leadership of the house committee warned u.s. companies not to buy their broadband networking equipment from z.t.e. and huawei. >> our advice to the private sector is this: your obligation is to consider larger data protection and national security implications of your business decisions and we would not advise doing business with these two companies. >> reporter: washington has become increasingly alarmed by cyber-security threats believed to have been launched from china. cyber theft of american trade secrets is estimated to cost hundreds of billions of dollars a year. >> if huawei wants to do business in the united states, then they've got to tell their government to stop cyber attacking the united states. >> reporter: huawei aggressively pushed back. the company says the intelligence committee provided no clear evidence of wrong doing and it dismissed the report as politically motivated. a spokesman fo
darren gersh reports. >> reporter: vice-presidential debates are often more entertaining than important, but not this time. joe biden will be trying to beat back the romney bump from the first presidential debate; and paul ryan will be working to stretch mitt romney's debate double into a home run. >> if ryan does really, really well, it could possibly fundamentally make this a real horse race, not just nationally but in the battleground states. so, i think there is a lot of expectation on both sides for what this debate possible could do. >> reporter: if you thought the first presidential debate was bogg down in stastics and policy details, you'll have more fun tonight. debate veterans are expecting fireworks. jeff nesbit was press secretary for former vice-president dan quayle. >> while both of them can go deep on wonky politics-- biden can go pretty deep on foreign policy and ryan can go pretty deep on economic policy-- i don't expect that at all in this debate. vice-presidential debates basically are two attack dogs going at each other to defend and promote the top of the ticket. >>
entertainment, hotels and finance. darren gersh, "n.b.r.", washington. >> susie: on wall street today, investors were hesitant to buy stocks ahead of tonight's big presidential debate. they were also pre-occupied with that flood of earnings we told you about earlier. and, as suzanne port, revenues are the key worry for investors, and a big theme of tonight's "market focus." after the close, texas instruments reported a decline in revenues, due to falling demand for its chips. the company also sees more weakness for the rest of the year. that overshadowed the company's 30% jump in profits for the latest quarter. the shares fell fractionally in after-hours trading. there was also a big profit gain at the parent company of north face apparel and wrangler jeans corp reported a 27% increase in third-quarter profits, which was better than expected. the company also raised its full-ar outok. and, once again, sales fell short of expectations, due to weakness in europe. investors bailed out of the stock, which fell more than 4% to $159 a share. those concerns about europe hurt shares of other apparel and
a much larger deal by chinese oil giant c.n.o.o.c. to buy calgary-based nexen.n. darren gersh looks at what's at stake as chinese state-owned companies flex their financial muscle. >> reporter: it is no secret the chinese government is eager to secure natural resource assets around the world. but the canadians and many other governments have growing concerns about state-owned chinese companies snapping up their oil resources by buying companies like nexen. >> i don't think it looks good for nexen shareholders rit now. that doesn't mean that c.n.o.o.c. can't come in and sweeten the deal, try to make some additional concessions to the canadian government, b. i would say the deal is definitely in jeopardy at this point. >> reporter: the chinese do have the cash to up their bid to win canadian approval, but even if the nexen deal falls through, chin ie companies will bech lookg to make more big deals. >> the chinese have a really "going out" policy towards investment. they have awakened to the fact that you can make a lot of money outside of china and they've gok all these reserves that
: part of the legacy. darren gersh in washington, d.c. >> thanks, tom. >> susie: boeing is revving up production of its hot-selling 777 jumbo jet. thanks to heavy demand, boeing is boosting its production rate by 20% on its everett, washington, assembly lines. it's now cranking out eight planes per month. boeing releases third quarter results tomorrow. analysts expect the company's revenues to jump 13% compared to a year ago, even though earnings could be down 20%. target is selling its entire credit card business and getting a new partner. t.d. bank will buy target's credit card portfolio and become the store's exclusive branded credit card issuer. the price tag, just under $6 billion, is equal to the size of target's credit card receivables-- what customers owe the retailer. the deal opens the way for t.d. bank to expand its credit card portfolio and target can pay down its debt. target shares rose slightly on the news, but tom, for most other companies, it was a day in the red as investors bailed out of stocks. >> tom: let's get going with tonight's "market focus." u.s. stocks suff
military spending, it is maintaining it. >> tom: darren gersh is our washington, d.c., bureau chief. >> well, i have to tell you, the defense industry was really excited about this. the ceo of the aerospace industry association had a conference with reporters and said she left out of her chair with joy when she heard this noise. they're very excite body t. the white house was spending time walking this back saying that basically the president didn't say anything new. the sequester was never intended actually to take effect. that's what the president meant when he said we'll find a way to get past this. what i am hearing from people in washington and familiar with what's going on is that there's more optimism about reaching a deal. wannot huge optimism, but more than there was before. >> tom: every journey starts with a step forward. what conditions has the president put out there publicly in order to avoid a fiscal cliff and get support? >> it seems pretty clear that the president is insisting that the debt limit be extended and raised so that we don't have another one of these clif
Search Results 0 to 49 of about 87 (some duplicates have been removed)

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